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Coal

 

A week in coal: 14 – 18 December 2015

A round-up of the week’s coal news from updates on the latest coal projects to short-term outlooks on US coal production and prices.

 
 
 

A major milestone for Leigh Creek Energy project

Leigh Creek Energy has signed a non-binding HOA with APT Pipelines Ltd for a gas pipeline connection, marking a key milestone in infrastructure development for the Leigh Creek Energy project.

 

Kellingley Colliery closes

Miners at the UK’s last deep coal mine, Kellingley Colliery, will end their final shift on Friday 18 December, leaving behind an estimated 30 million t of recoverable coal.

 
 
 

Blakefield North put on hold

Glencore has announced that its proposed Blakefield North underground coal project has been placed on hold.

 
 
 

New BMA Hay Point coal terminal boosts Queensland's coal exports

Annastacia Palaszczuk has announced it has officially opened the new third berth at BHP Billiton Mitsubishi Alliance’s (BMA) Hay Point Coal Terminal, which increases the export capacity from 44 million tpy to 55 million tpy.

 

Arch Coal delays interest payments

Arch Coal will defer US$90 million of interest payments under a 30-day grace period clause in its indenture agreements.

 

Not a pretty picture

Bank of American Merrill Lynch expect coal prices to continue to fall in 2016 as supply and demand trends keep the market in surplus.